North York bungalow sells two days after $100,000 price cut
A professionally staged Wanless Park home drew 50 visitors over 13 days with no offers. A $100,000 reduction prompted a buyer to move within 48 hours.
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By Torontoer Staff
A three-bedroom home near Wanless Park accepted an offer two days after the sellers reduced the asking price by $100,000. The owners had listed the centre-hall house in November at $2.2 million, hosted more than 50 visitors across 13 days, and then lowered the price to $2.1 million on November 26.
Negotiations closed quickly. The property, listed by Belinda Lelli of Royal LePage Real Estate Services Ltd., sold on November 28 for $2.09 million after the reduction, following a workplace relocation that prompted the sale.
How the price move unlocked a buyer
Traffic did not translate into offers at the original price. Lelli says the market context was the main issue: several comparable Lawrence Park homes were listed under $2 million at the same time, which made it harder to justify a $2.2 million ask. With a motivated seller and an anxious timeline, the team chose to reposition the listing quickly.
Things weren’t moving. The challenge was there were many other homes in Lawrence Park for sale at the same time for under $2-million.
Belinda Lelli, listing agent
The $100,000 adjustment brought the house back into contention for buyers focused on reputable local schools. That interest produced an offer within 48 hours and a final selling price of $2.09 million, after 15 days on the market.
What the house offers
- Address: 61 Braeside Rd., Toronto, on a 26-by-100-foot corner lot
- Living space: approximately 1,555 sq. ft., centre-hall layout with a family room addition
- Bedrooms and bathrooms: three main-level bedrooms, primary with ensuite and rooftop deck, plus additional bathrooms and a basement bedroom and recreation area
- Outdoors: family-room exit to a south-facing patio and a rooftop patio off the primary bedroom
- Interior features: open-concept kitchen and dining area, formal living room with wood-burning fireplace
- Parking and taxes: private driveway; municipal taxes $10,368 for 2025
Neighbourhood and appeal
The property sits steps from Wanless Park, a focal point for local activities. The agent highlights natural light and a family-oriented feel as selling points, which helped when buyers prioritised school catchment and community amenities.
The house had tons of natural light because it’s a corner house. You are literally steps to Wanless Park, which is the nucleus of the area, as it truly embodies a community feel.
Belinda Lelli, listing agent
Sale history and market context
The November sale continues the house’s appreciation track. Previous recorded selling prices include $1.82 million in August 2017, $772,000 in June 2006, and $352,000 in May 1994. The sellers had professionally staged the home before listing, which increased initial foot traffic but did not secure an offer until the price was adjusted.
For sellers in similar markets, this transaction underscores a common tactic: aggressive pricing or timely reductions can bring marginal buyers back into play, particularly when local comps sit below the listing price.
The home changed hands for $2.09 million after 15 days on market. Lelli credits the quick pivot for securing a sale that matched the owners’ need to move for work.
Sellers and buyers in Toronto’s middle- to upper-tier neighbourhoods frequently face tight windows and shifting competition. In this case, staging, neighbourhood appeal and a decisive price adjustment produced a swift outcome.
real estateNorth YorkWanless Parkhome salesLawrence Park
